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Dan Otter

The Best K-12 403(b) In Nation?

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This website is a conduit for Tiaa-Cref because Tiaa-Cref is a super outfit. Think of all the other no-load mutual fund families like the Vanguard Group and they too are conduits for this website. But these no load quality outfits do not need this Website. They are doing quite well without 403bwise. Tell the INGs and Valics of the world that they too can become conduits of this website by simply cutting their expense ratios by about 75 percent. It's that simple!! KISS

 

Peace,

Joel

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Hi,

We have been down this road before on this website. There are long discussions about this and the dialog is great but the educators and some of the pros will never agree. Some of the pros come in and bash TIAA CREF (Oh sure, they always say they have nothing against TC). We strongly defend TC because of the obvious. They talk about diversity when there never really was any in the 403b. They talk about competition when there has been a monopoly since the beginning. Finally they bash our choice for the reform of the 403b through their long winded blah, blah blah. Chuck will never give us his choice of a high price company with loads of services. That type of openness is not in the investment professional language (but that is changing, brokers on TV are now asked if they are invested in the stocks that they talk about). The pros keep it complicated, vague because they will look and sound professional.

 

The pros don't seem to realize what is happening in the investment world far beyond the little 403b. Wall Street and its manipulative and monstrous money managers are under siege because of out right lies, corruption, insider trading by the specialists, and many brokers telling clients one thing and doing the opposite. Of sure that may be a few, but the mess by the few is bringing up an issue that John Bogle has been arguing for decades. Even the so called ethical brokers cannot predict the future. The only valuable service they can give is suggesting a diversified portfolio and anybody can learn that by reading one or two books, looking up coffeehouse investor. com or reading about it on this website.

 

We, the ordinary investor including the 403b educator, can avoid that expensive and self serving profession by simply investing in index type funds--surprise, surprise, enter TIAA CREF. Vanguard would be an excellent plan to help fulfill the diversity and competitive argument, but Vanguard will not sign up to K12 school districts because of the ludicrous and restrictive hold harmless agreement. CalSTRS has adapted the Russell 3000 index for much of its equity holdings because it lowers costs and excellent vehicle for long term growth. If it is good for a hundreds of thousands of retired California teachers, I am sure its good enough for millions of educators who want to plan for retirement through tax deferred plans. The best 403b plan has TIAA CREF. This is not a surprise. I am very happy this site appears to be a conduit for TIAA CREF.

 

Steve

 

 

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